People’s Quantitative Easing, or PQE for short. What on earth is it? As it’s QE for the people in particular, shouldn’t the people know how it works?
As both an economics graduate and keen supporter of Positive Money, I am convinced that we should be engaging with economics students as much as possible. There is a dedicated sub-stream of them who are rightly disillusioned with the way the subject is being taught at an undergraduate level (i.e. with textbooks very similar to those of forty years ago!). Hoping to reach them, I went on a whistle-stop tour of the pluralist economics societies at the universities of Sussex, Edinburgh and Glasgow. I gave a 40-min talk on how banks create money, its effects and Positive Money’s proposals to change the system.
Former Business Secretary Vince Cable was famously one of the only senior parliamentarians to predict the last financial crisis. And he’s sounding the alarm bells again.